Which Trust Is Right for You? Revocable vs Irrevocable Explained скачать в хорошем качестве

Which Trust Is Right for You? Revocable vs Irrevocable Explained

Revocable vs Irrevocable Trusts – What’s the difference, and which one should you choose? In this video, we break down the pros and cons of both types of trusts so you can make an informed decision when it comes to estate planning, asset protection, and avoiding probate. Connect with Jim and his team at Easy Legal Planning: Website: EasyLegalPlanning.com Email: [email protected] You’ll learn: • What a revocable trust is and when to use one • The key features of an irrevocable trust • Which trust protects your assets from creditors • How each trust impacts taxes and control • The biggest mistakes people make when choosing a trust Whether you're planning your estate, helping a loved one, or just trying to understand how trusts work, this video simplifies the complex legal differences so you can confidently plan your financial future. ✅ Subscribe for more estate planning tips 👍 Like this video if it helped you 💬 Comment below with your questions—we respond! Watch next:    • Estate Planning 101 | The Proper Way to St...   Check out our resources at https://TheRetirementNerds.com/ ============================================================ Join our newsletter for monthly tips, book recommendations, and personal stories! https://theretirementnerds.com/newsle... ============================================================ ⏰ TIME CODES ⏰ 0:00 Teaser 0:37 The Set Up 1:03 Definitions 2:04 Liability Protection Differences 3:18 Medicaid Implications 6:30 Downsides of Irrevocable Trusts 9:13 Estate Tax Implications 11:37 Interesting Rules with Irrevocable Trusts 14:20 Who Fits for Revocable? 15:30 Public vs Private Records 17:15 Who fits for Irrevocable? 20:10 When to Look at Medicaid Trusts 22:26 Costs 23:17 Costs of Revocable 24:28 Costs of Irrevocable 25:18 Jim's Costs 26:45 What it Looks Like 27:49 Mortgages and Revocable vs Irrevocable 31:27 Irrevocable Life Insurance Trust (ILIT) 33:01 "Own Nothing, Control Everything" 34:52 How Jim Can Help 35:55 How Long Does it Take? 37:16 Digital vs Printing 37:57 Where to Store Trust Docs 39:38 Blooper ============================= #EstatePlanning #TrustsExplained #RevocableTrust #IrrevocableTrust #FinancialPlanning